Budget Reserve Trust Fund http://wkms.org en 2012-13 Ky. Budget Closes with $70.6 Million Surplus http://wkms.org/post/2012-13-ky-budget-closes-706-million-surplus <p></p><p>State Budget Director Jane Driskell announced Friday that Kentucky closed the 2012-2013 fiscal year with a General Fund surplus of $70.6 million.</p><p>Officials attribute the surplus to slowed spending by cash-strapped state agencies, <a href="http://wkms.org/post/general-fund-revenue-3rd-straight-year-ky">as well as a small bump in General Fund revenues</a>. Driskell warns, however, that the fiscal year that just began July 1 extends the budget cuts that were in place last year, and state agencies will continue the challenges of delivering services with fewer dollars and higher costs.</p><p> Fri, 19 Jul 2013 21:06:42 +0000 John Null 33237 at http://wkms.org 2012-13 Ky. Budget Closes with $70.6 Million Surplus